An ambitious wave of Chinese entrepreneurs is changing the definition of Chinese private equity investment, as the market looks for a revival after a slow few years; Cheng sees opportunities across product personalisation, robotics and different geographies.
Fujitec is a leading Japanese manufacturer of elevators and escalators and EQT wants to help its international expansion by working alongside existing management.
$400m has been allocated to support Digital Halo, which has assets in the Philippines and Malaysia; the Swiss PE firm is also expanding its data centre footprint in Australia.
Demographics, economic growth and government initiatives are bolstering demand to provide more investment into India's healthcare infrastructure, as overall PE sentiment in the region improves.
The $400m deal will see global PE firm acquire up to 54% of equity from CVC, and up to a total 77% stake of the Indian cancer care specialist; KKR made several significant investments into Indian healthcare firms last year, as regional PE deals bounceback.
The deal for the Apac data centre firm, if completed, would be Blackstone’s largest investment in the region; Macquarie Asset Management and PSP Investments are among the sellers.